Welcome to our dedicated page for Dow news (Ticker: DOW), a resource for investors and traders seeking the latest updates and insights on Dow stock.
Dow Inc. (NYSE: DOW) is a leading materials science company harnessing the power of science and technology to drive innovation and address global challenges. With a rich history dating back to its formation from DowDuPont in 2019, Dow operates in around 180 countries, offering over 6,000 technology-based product families. The company's diverse portfolio includes specialty chemicals, advanced materials, agrosciences, and plastics, serving high-growth sectors such as packaging, electronics, water, coatings, and agriculture.
Dow's core businesses span several segments:
- Packaging & Specialty Plastics: This segment focuses on various applications, from flexible food packaging to specialty polymers. Despite recent challenges like reduced energy and feedstock costs, the segment continues to maintain robust demand in flexible food and specialty packaging.
- Industrial Intermediates & Infrastructure: Serving industries like polyurethanes, construction chemicals, and industrial solutions, this segment has seen gains in areas such as polyurethanes and construction chemicals, driven by improved equity earnings and operational efficiencies.
- Performance Materials & Coatings: Catering to consumer solutions and coatings, this segment has shown resilience with volume gains, driven by improved demand across all regions and end-markets, particularly in siloxanes and personal care applications.
Dow is deeply committed to sustainability, as evidenced by its strategic initiatives such as Decarbonize & Grow and Transform the Waste. The company aims to capture more than $3 billion in underlying earnings improvement annually by 2030 through these initiatives. Dow is also advancing circular economy solutions, partnering with organizations like Freepoint Eco-Systems to convert plastic waste into valuable materials.
Recent milestones highlight Dow's strategic focus and financial discipline. In the first quarter of 2024, the company achieved volume growth and margin expansion, returning $693 million in cash to shareholders. New projects like the propylene glycol capacity expansion in Thailand and the VORATRON™ Polyurethane Systems production line in Germany exemplify Dow's commitment to innovation and meeting market demands.
Dow's forward-looking strategy is underscored by its continued investment in high-value growth areas, operational excellence, and sustainability. The company's operational and financial discipline ensures robust cash flow, margins, and returns, positioning it well for future growth and value creation.
Dow and Mura Technology are collaborating to construct Europe’s largest advanced plastic recycling facility in Böhlen, Germany. This facility aims to produce approximately 120 kilotons per annum (KTA) of advanced recycling capacity by 2025 and is part of Dow's strategy to boost its circular feedstock supply, targeting a total of 600 KTA by 2030. Mura’s unique HydroPRS™ process utilizes supercritical steam to recycle previously deemed 'unrecyclable' plastics. This project is expected to significantly contribute to Dow's sustainability goals, including a target of recycling 1 million metric tons of plastic by 2030.
WM has announced the acquisition of a controlling interest in Avangard Innovative's U.S. business, establishing Natura PCR. This new venture aims to produce 400 million pounds of post-consumer resin (PCR) annually within five years. The initiative focuses on recycling flexible plastics, responding to increasing demand for sustainable packaging. The transaction is expected to close in late 2022, pending regulatory approvals. WM and Dow are collaborating on this project, emphasizing their commitment to enhance recycling rates and provide circular solutions for plastic waste.
Dow Inc. (NYSE: DOW) will be represented by Howard Ungerleider, the President and CFO, in a fireside chat at the Credit Suisse 35th Annual Specialties & Basics Conference on September 14 at 2:00 p.m. ET. Investors can participate via a live webcast available on Dow's website. Presentation materials will be accessible on the morning of the event, with a replay and transcript available afterward for approximately 12 months. Dow aims to lead in sustainable materials science.
Dow leaders have been honored on the 2022 HERoes Women Role Model lists, recognizing their efforts in promoting gender diversity and equity in business. Four executives, including Jane Palmieri and Howard Ungerleider, have demonstrated leadership in fostering inclusive workplaces. Dow's global strategy promotes diversity, enhancing business success and employee engagement.
Dow (NYSE: DOW) has declared a quarterly dividend of 70 cents per share, payable on September 9, 2022, to shareholders of record by August 31, 2022. This marks the 444th consecutive dividend paid by the company or its affiliates since its establishment in 1912. Dow aims to lead in sustainable materials science, with reported sales of approximately $55 billion in 2021, and operates 104 manufacturing sites across 31 countries.
Dow (NYSE: DOW) and X-energy have entered a collaborative agreement to advance carbon emissions reduction by deploying X-energy's Xe-100 small modular nuclear technology at a Dow facility in the U.S. Gulf Coast by 2030. Dow will take a minority equity stake in X-energy, marking the first initiative by a major manufacturer to invest in small modular nuclear technology. This project aims to deliver cost-effective, carbon-free process heat and power, supporting Dow's target of a 30% reduction in scope 1 and 2 emissions by 2030, as part of its broader goal to achieve carbon neutrality by 2050.
Dow and Al-Hejailan Group have signed a Memorandum of Understanding to establish a joint venture for a methyl diethanolamine (MDEA) plant in Jubail, Saudi Arabia, aimed at addressing rising natural gas purification demand in the Middle East. The joint venture will be led by Al-Hejailan, with Dow holding a 25% stake. Construction is slated for 2024, with production expected by 2025. Additionally, Dow plans to build a facility to enhance MDEA-based products and fuel markers, reinforcing its commitment to energy transition solutions.
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